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Question 3 2 pts Suppose that the government mandates a minimum wage, as shown in the graph below. How many unemployed workers will there be
Question 3 2 pts Suppose that the government mandates a minimum wage, as shown in the graph below. How many unemployed workers will there be in this market with the minimum wage (in millions)? Wage Rate ($/hour) Labor Market Supply of Labor Minimum wage W + X Demand for Labor 1.7 2 2.4 Quantity (Number of Workers, Millions)
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